State-owned companies of Kazakhstan to review their plans in connection with fall of oil prices
Edited by Rhod Mackenzie / 2015-01-21 02:07:31
In connection with the fall of world oil prices, Kazakhstan’s state-owned companies that are included in the structure of the National Welfare Fund Samruk-Kazyna, will reconsider their plans and forecasts for the future. This was announced by financial director and member of the Fund’s Board Nurlan Rakhmetov.
"They will cut spending, costs of investment projects. It's inevitable,"- he said.